Verus Development will receive a $56.8 million incentives package to facilitate the completion of a new affordable rental property for low-income seniors at 345 McLean Avenue in Yonkers, New York. The 12-story building will feature 105 apartment in studio, one-, and two-bedroom layouts, all reserved for seniors 62 years and older with an income at or below 60 percent of the area median income.
Amenity spaces will include a community room equipped with computers, a library, recreational space, a shared laundry room, and bike storage. Residents will also have access to 53 parking spaces. Renderings show the structure featuring a straightforward massing and a façade composed of a mix of red brick and gray paneling.
“This exciting project will provide much-needed affordable housing for senior citizens while creating new construction jobs,” said Yonkers Mayor Mike Spano. “With a private investment of nearly $57 million, this development is an example of how the Yonkers IDA is working to help create new housing and jobs for our city’s economy.”
The incentives package was granted preliminary approvals by the Yonkers Industrial Development Agency (IDA) earlier this month. The developer specifically requested a 30-year property tax abatement.
The project is expected to create 125 construction jobs.
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Yes yes just what i am talking about something for the senior. Thank you
Are these will be coop- apts??
If you can’t give me a number I’ll give you a number that sounds really nice fix income Social Security 65 718-915-1343 thank you very much from New York Queens
Developers are tripping all over themselves to build in Yonkers, and the IDA stills gives a 30yr tax abatement? The schools are thousands of kids over capacity and the roads are falling apart, but sure…
Nice devellopment
I am a Senior looking for a one bedroom apartment. Hope to hear from your office as soon as possible
My name is Cheryl Williams I’m am very Interested i 1 bedrom call me so
Ican come & look at today of possible
I’m very interested please